http://www.fxstreet.com/technical/market-view/daily-analysis/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-20.htmlThe greenback climbed against the euro as stock markets fell, discouraging demand for higher yielding assets. “The market is very nervous, and there are not a lot of risk takers right now,” said Sebastien Galy, a strategist at BNP Paribas SA in New York. “There’s one big trade, the dollar short trade, and people are feeling increasingly nervous about it.” A short is a bet for a currency to fall. The Dollar Index, which tracks the greenback against the currencies of six major U.S. tradingFri, 20 Nov 2009 08:20:19 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-20.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-18.htmlThe greenback advanced versus the euro for the first time in three days and the yen increased as U.S. industrial production rose in October less than economists forecast, discouraging demand for higher-yielding assets. “The market is waiting for economic fundamentals to confirm the risk rally hasn’t gone too far,” said Sacha Tihanyi, a currency strategist at Bank of Nova Scotia in Toronto. “A lot of currencies are still flirting with this year’s highs. There’s limited risk-reward at theseWed, 18 Nov 2009 07:55:52 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-18.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-17.htmlThe British pound rose against a broadly weaker greenback and was steady against the euro on Monday, with investors looking ahead to Bank of England minutes on Wednesday for clues to whether there could be more quantitative easing. The focus remained on whether or not the Bank of England has finished asset purchases under its quantitative easing program, with the minutes to its November meeting set to provide the latest clue. BoE Governor Mervyn King said last week he was open-minded about anyTue, 17 Nov 2009 07:04:46 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-17.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-13.htmlThe greenback surged against most major currencies as a retreat in U.S. stocks discouraged demand for higher yielding assets. The dollar advanced versus the euro after its decline yesterday halted at $1.50 strategic level which was a barrier for further weakness. The world faces a gradual and uneven recovery from the worst financial crisis since the Great Depression, China’s Premier Wen Jiabao said in a televised speech in Beijing. The Dollar Index which tracks the greenback against otherFri, 13 Nov 2009 10:11:18 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-13.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-12.htmlThe British pound fell sharply against the greenback and the Euro on Wednesday after Governor of the bank of England Mervyn King said that he hasn’t ruled out pumping more money into the economy and stated the benefits of a weak pound. The governor’s speech came after the release of the bank's quarterly Inflation Report, which announced that UK consumer prices will be below its 2 percent target in two years. Remarks by Mervin King that a weaker pound would help rebalancing growth towardsThu, 12 Nov 2009 06:55:46 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-12.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-11.htmlThe greenback rose from yesterdays 15 month low against a basket of major currencies as a decline in U.S. stocks discouraged demand for riskier assets. The Dollar Index which is used to track the greenback against the other major currencies that include the Euro, Yen and British pound increased 0.2 percent to 75.146, from 75.027 yesterday. The Index touched 74.930, the lowest level since August 2008. Overall the index has lost 7.7 percent since the beginning of the year. However CitigroupWed, 11 Nov 2009 07:27:05 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-11.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-10.htmlThe greenback fell to a 15-month low versus the currencies of major U.S. trading partners after a Group of developed/industrialized nations agreed to maintain their economic stimulus packages, encouraging investors to buy higher yielding assets. The euro strengthened against the dollar after Germany’s exports rose to 0.9% contradicting analyst’s expectations of a decline below the previous month’s figure. The Dollar Index which is used to track the greenback against the other major currenciesTue, 10 Nov 2009 07:02:50 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-10.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-06.htmlThe greenback traded lower versus the euro before the U.S. payrolls report on speculation the Federal Reserve will trail other major central banks in ending economic stimulus. The U.S. unemployment rate rose to 9.9 percent last month from 9.8 percent in September, according to the median estimate of 81 economists in a Bloomberg survey before tomorrow’s Labor Department report. The S&P advanced 1.5 percent after the U.S. Labor Department announced that initial jobless claims dropped toFri, 06 Nov 2009 09:00:37 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-06.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-05.htmlThe greenback fell versus the euro as the Federal Reserve reiterated its pledge to keep the interest rates near zero for an extended period even as its $1 trillion injection into the economy helps revive the economy. “The Fed appears to be more cautious,” said Todd Elmer, currency strategist at Citigroup Inc. in New York. “The ultimate outcome is dollar-negative as it gave a small boost to the risk appetite.” The Dollar Index, tracks the greenback against the currencies of six major U.S.Thu, 05 Nov 2009 07:15:16 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-05.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-04.htmlThe greenback rose against the euro and the yen as stocks fell on reports banks are struggling to shake off the effects of the financial crisis, damping higher yield demand. “It’s primarily an outcome of risk appetite and equity performance, which is tending to weigh on the euro and support the dollar,” said Nick Bennenbroek, head of currency strategy at Wells Fargo & Co. in New York. The dollar will weaken to $1.55 per euro by year end, according to Deutsche Bank AG, the world’s largestWed, 04 Nov 2009 11:26:52 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-04.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-02.htmlThe UK government will unveil plans this week to spend 30 billion pounds, buying further shares of rescued banks Royal Bank of Scotland and Lloyds, The Daily Telegraph newspaper reported on Monday. The UK newspaper said British Finance Minister Alistair Darling has agreed to spend about 25 billion pounds on shares in part nationalized RBS and 5.5 billion pounds on shares in Lloyds in a move expected to be announced on Tuesday. The government's stake in RBS would rise to 84 percent from 70Mon, 02 Nov 2009 09:16:25 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-11-02.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-30.htmlThe greenback and Japanese Yen fell against the euro as a government report announced the U.S. economy grew more than expected in the third quarter, spurring demand for higher yielding assets. U.S. gross domestic product (GDP) grew at a 3.5 percent annual rate in the third quarter, after shrinking in the previous four periods to -0.7%. The Dollar Index which is used to track the greenback against a basket of major currencies including the Euro and the Sterling dropped for the first time in sixFri, 30 Oct 2009 11:18:38 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-30.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-29.htmlThe greenback and yen gained against most of their major counterparts on speculation an unexpected decrease in U.S. new-home sales in September damped demand for higher yielding assets. Target lending rates of 0.1 percent in Japan and as low as zero in the U.S. make the yen and dollar favored targets for investors seeking to fund carry trades. “We continue to target the dollar at $1.45 per euro in one month as risk sentiment is clearly showing signs of strain,” Singapore-based Gareth Berry, aThu, 29 Oct 2009 08:29:44 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-29.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-28.htmlThe greenback and yen rose against most of their major counterparts after a report showed consumer confidence fell this month in the U.S., reducing demand for higher yields in other countries. The greenback advanced versus the euro on concern a rally in stocks and commodities can’t be sustained. The Conference Board’s consumer confidence index dropped to 47.7 in October from a revised 53.4 in the previous month, the New York-based research group reported today. The median forecast of 74Wed, 28 Oct 2009 08:13:12 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-28.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-27.htmlThe greenback rose the most against the euro in almost two months, after the European currency failed to exceed a level above $1.50 that trading patterns indicated would have propelled it higher. “At some point, the euro will fall victim to its own success,” said Vassili Serebriakov, a currency strategist at Wells Fargo & Co. in New York. “We’ve seen the euro touching new highs but really struggling to extend them significantly.” Technical analysis studies patterns in charts to predictTue, 27 Oct 2009 08:17:46 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-27.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-23.htmlSterling weakened on Thursday against the dollar and euro after UK retail sales undershot forecasts and a Bank of England policymaker said quantitative easing could be extended if necessary. The September retail sales figures and BoE Deputy Governor Paul Tucker's comments were enough to push sterling briefly below $1.65. But the weight of bets already in place against sterling in a market still broadly bearish on the currency meant its fall shallower than it might otherwise have been, analystsFri, 23 Oct 2009 08:29:05 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-23.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-22.htmlThe greenback weakened beyond $1.50 per euro for the first time in 14 months as optimism the global economic recovery is gathering momentum increased demand for riskier assets at the expense of the greenback. “This has enormous psychological significance,” said Michael Woolfolk, a managing director at Bank of New York Mellon Corp. in New York. “It opens the way for further gains above $1.50, which is overwhelmingly market consensus.” The dollar plunged 18 percent from that level as efforts byThu, 22 Oct 2009 09:31:45 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-22.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-21.htmlThe greenback advanced against the euro as a report showing fewer U.S. housing starts last month than economists forecast sent stocks lower and discouraged demand for higher-yielding assets. The seven-day relative-strength index of the euro versus the dollar reached 70.41 today, with a level above 70 tending to indicate a currency’s gain has reached an extreme and a reversal may be coming. The euro gained almost 20 percent against the dollar since February, making the region’s exports moreWed, 21 Oct 2009 09:25:47 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-21.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-20.htmlThe Greenback dropped versus the euro as the Federal Reserve signaled it will keep borrowing costs at record lows as it assesses a means of draining cash from the U.S. financial system. “The Fed needs to drain liquidity, but not particularly soon,” said Alan Ruskin, head of international currency strategy in North America at RBS Securities Inc. in Stamford, Connecticut. “It lays the groundwork, but they are not clear about the timing. The most important thing is that the Fed funds rate isn’tTue, 20 Oct 2009 08:35:09 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-20.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-16.htmlThe British Pound rose the most in more than eight months against the euro on speculation policy makers will pause their bond-buying program as the economy shows signs of recovering from the recession. Sterling also jumped versus the dollar, as the Financial Times cited Bank of England Markets Director Paul Fisher as saying policy makers would prefer to pause asset purchases, giving themselves the option of “doing more later,” rather than stopping them. Rising asset prices and improvedFri, 16 Oct 2009 08:56:37 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-16.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-14.htmlThe Greenback declined to the weakest level against the euro since before the bankruptcy of Lehman Brothers Holdings Inc. on speculation the Federal Reserve will trail other central banks in increasing borrowing costs. The U.S. currency pared its drop versus the euro and yen after a large order to buy the greenback, traders said. Sterling rose from a six-month low against the euro as Bank of England Deputy Governor Charles Bean said asset purchases may be working to support the economy. TheWed, 14 Oct 2009 08:27:17 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-14.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-13.htmlThe JPY fell against the euro and the South African rand as global stocks advanced on speculation that corporate earnings will increase, fanning appetite for higher yielding assets. The Canadian dollar rose to the strongest level in more than a year against its U.S. counterpart as crude oil, Canada’s biggest export, climbed to a seven-week high. The pound slipped to a six-month low against the euro after the Center for Economics and Business Research said interest Rates won’t rise until 2011.Tue, 13 Oct 2009 09:19:26 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-13.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-09.htmlThe Greenback fell against the currencies of six major U.S. trading partners as signs of global economic recovery spurred demand for riskier assets. The euro strengthened versus the dollar after European Central Bank President Jean Claude Trichet said the region’s economy is emerging from a period of “free fall.” Trichet signaled the ECB will keep interest rates at a record low to spur growth as the euro’s 6 percent rally this year against the dollar threatens to undermine the recovery fromFri, 09 Oct 2009 06:28:59 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-09.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-07.htmlThe greenback declined to its lowest level in almost two weeks versus the euro after Australia’s central bank unexpectedly raised interest rates on signs of economic strength, spurring demand for higher yielding assets. The Canadian dollar advanced as much as 1.4 percent to C$1.0547, the strongest level since October 2008. The currency, like the Australian dollar, tends to rise and fall with stocks and commodities. The Aussie advanced 27 percent in 2009, while the Canadian dollar appreciatedWed, 07 Oct 2009 08:25:04 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-07.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-02.htmlThe greenback and the yen rose on concern rising unemployment and loan defaults will slow the U.S. economic recovery, sending stocks lower and boosting demand for the currencies as a refuge. Europe’s single currency was poised for a second week of declines against the dollar on speculation Group of Seven finance officials meeting in Istanbul this weekend will discuss the euro’s gains. “The G-7 is coming up, there’s concern about the jobs data and the market is on tenterhooks,” said Neil, aFri, 02 Oct 2009 11:45:27 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-10-02.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-29.htmlThe yen weakened against the dollar as Japan’s Finance Minister said the government may take action in markets after the currency’s gain to an eight month high. The dollar weakened against the euro on speculation Federal Reserve officials speaking today will signal intentions to keep record- low interest rates unchanged for an extended period, encouraging investors to sell the currency and buy higher-yielding assets. “Japan’s policy makers can’t just let the yen rise, which will hurtTue, 29 Sep 2009 09:08:41 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-29.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-25.htmlThe Sterling fell, trading below $1.60 for the first time in more than two months, as world leaders united behind a plan to regulate banker pay and tighten capital regulations for financial institutions. The Pound also dropped against the euro as U.S. officials said Group of 20 leaders meeting in Pittsburgh are near a “broad agreement” on a plan to tie compensation more closely to risk. The pound dropped the most since April versus the dollar yesterday and traded at its lowest in more thanFri, 25 Sep 2009 10:58:48 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-25.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-24.htmlThe yen traded high against the greenback amid speculation Japanese companies returned from a three day holiday to repatriate funds before the end of the fiscal first half. The yen also rose versus all of its 16 major counterparts after a government report showed Japan’s exports fell for an 11th month, curbing demand for risky assets. “Yen repatriation by Japanese firms will likely peak today and tomorrow,” said Yuji Saito, head of the foreign-exchange group in Tokyo at Societe Generale SA,Thu, 24 Sep 2009 08:04:13 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-24.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-23.htmlThe greenback fell to a one-year low against the euro and weakened versus the yen on speculation the global economic recovery is gathering strength, encouraging investors to buy higher-yielding assets. “The improving global picture tends to produce selling of the dollar,” said Sean Callow, a senior currency strategist at Westpac Banking Corp. in Sydney. “Our view is that the Fed won’t change its statement, so we’d be very surprised if they changed the reference to exceptionally low levels ofWed, 23 Sep 2009 10:11:41 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-23.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-22.htmlThe dollar weakened for the first time in the last three days against the euro as signs the global economy is recovering spurred investors to buy higher-yielding assets. The U.S. dollar fell versus 15 of the 16 major currencies as most Asian stocks rose after the Asian Development Bank said regional economies will expand at a faster-than-expected pace this year, boosting demand for emerging-market investments. U.K. Prime Minister Gordon Brown said the global economy has yet to feel the biggestTue, 22 Sep 2009 08:54:54 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-22.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-18.htmlThe Sterling weakened day against the dollar on renewed concern the financial crisis in Europe will be prolonged, damping demand for the region’s assets. Britain’s currency dropped against 15 of its 16 major counterparts after the Daily Telegraph said Lloyds Banking Group had been forced to abandon a move to withdraw from the U.K. government’s asset protection plan. “The Telegraph article enhanced views the Bank of England can’t exit its accommodative monetary policy stance any time soon,”Fri, 18 Sep 2009 10:20:22 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-18.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-17.htmlThe euro will surge to parity versus the pound and reach its highest level in more than a year against the greenback as investors borrow low-cost funds in the U.K. and U.S. to buy higher-yielding assets, BNP Paribas SA said. The Bank of England and Federal Reserve are flooding their financial systems with cash to keep borrowing costs low on expectations their economies will recover slowly from recession. That will spur investors to use funds from the nations to buy securities in countries withThu, 17 Sep 2009 09:39:16 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-17.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-16.htmlThe greenback dropped to the weakest level this year against the euro before a report forecast to show U.S. manufacturers boosted output, reducing demand for the relative safety of the dollar. The yen surged toward the highest level in seven months against the dollar after Reuters cited incoming Finance Minister Hirohisa Fujii as saying Japan’s new government is opposed to intervening in currency markets unless swings become excessive. The Dollar Index traded near the lowest in one year afterWed, 16 Sep 2009 08:57:46 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-16.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-14.htmlThe yen rose against the euro on speculation trade protectionism between the U.S. and China will escalate, boosting demand for the relative safety of Japan’s currency. The yen gained versus all 16 major counterparts after China announced a probe into the alleged dumping of American auto and chicken products, sparking concern trade disputes will derail the global economic recovery. The China-U.S. confrontation is “creating some fears this could spill over to U.S. equity markets or equityMon, 14 Sep 2009 10:09:10 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-14.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-11.htmlThe British Pound gained against the dollar on Thursday after the Bank of England kept interest rates unchanged, reassuring traders who had braced for the possibility of additional quantitative easing measures. The BoE held its benchmark lending rate at a record low of 0.5 percent for the sixth month running and said it would keep its 175 billion pound asset buying programme in place. "There was a minority expectation of either the BoE cutting the rate it pays on commercial bank reserves toFri, 11 Sep 2009 09:17:28 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-11.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-10.htmlCable opened Thursday in Asia at 1.6545 and has been trapped in a narrow 1.6525/1.6560 range ever since, with the market generally happy to sit on its hands ahead of tonight's BOE MPC rate statement. JPY crosses were bid early on residual momentum from a positive night on Wall Street giving the risk appetite a boost, and buying for the Tokyo fix, with GBP/JPY opening on its lows at 152.15 and reaching a high of 152.60 before drifting lower postfix, currently 152.32. EUR/GBP has been quiet soThu, 10 Sep 2009 09:33:32 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-10.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-09.htmlThe British Pound rose more than 1.0 percent against the greenback to its highest in two weeks on Tuesday, spurred by the dollar's broad fall and helped by a higher-than expected increase in UK industrial production. UK manufacturing output rose 0.9 percent in July, its fastest rate in one and a half years, on a sharp pick-up in car production. The gain was much higher than forecasts for a 0.3 percent increase. The wider measure of industrial output, which includes energy production, rose byWed, 09 Sep 2009 08:55:16 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-09.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-07.htmlThe euro rose against the greenback before a private report forecast to show European investor confidence rose to the highest level since July 2008, signaling the region’s recession is easing. The euro also gained for a third day versus the yen on expectations a German report will show factory orders expanded in July for a fifth month. G-20 officials including U.K. Chancellor of the Exchequer Alistair Darling and German Finance Minister Peer Steinbrueck said in London last week that it wasMon, 07 Sep 2009 09:30:05 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-07.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-04.htmlThe British pound edged up against the Dollar on Friday due to risk appetite which kept the pair near a one week high but gains were limited as traders braced for key U.S. jobs data later in the day. Sterling held steady against the euro after the European Central Bank sounded a more dovish than expected note, supporting the single currency and as investors looked ahead to the Bank of England policy meeting next week also seen keeping monetary policy loose for some time to come. We saw aFri, 04 Sep 2009 11:00:29 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-04.htmlhttp://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-03.htmlSterling rose on Wednesday, clawing back from recent losses and gained against the euro as investors covered short positions in the UK currency following its broad slide in past weeks. Still, sterling gains were capped and it remained in sight of a seven week low hit versus the dollar on Tuesday, as weak global shares kept a lid on demand for currencies considered to be higher risk, which include the pound. "There's still concern about the UK, especially its budget situation ... but the dollarThu, 03 Sep 2009 09:03:52 GMThttp://www.fxstreet.com/technical/market-view/support@finotec.com (Finotec Group Inc.)http://www.fxstreet.com/technical/market-view/daily-analysis/2009-09-03.html